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China’s Tencent Music raises $1.1 billion in downsized US IPO

China’s Tencent Music raises .1 billion in downsized US IPO Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, […]

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Tencent Music sued by investor ahead of $1.2 billion US IPO

Tencent Music sued by investor ahead of .2 billion US IPO China’s largest music streaming service has had a whirlwind year. With 800 million monthly users across multiple apps and a profitable business, Tencent Music Entertainment is gearing up for one of this year’s most anticipated initial public offerings in the US. […]

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JioSaavn becomes India’s answer to Spotify and Apple Music

JioSaavn becomes India’s answer to Spotify and Apple Music India finally has its answer to Spotify after Reliance Jio merged its music service with Saavn, the startup it acquired earlier this year. The deal itself isn’t new — it was announced back in March — but it has reached its logical conclusion after […]

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China’s NetEase raises $600M for its music streaming business

China’s NetEase raises 0M for its music streaming business As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 million injection from a […]

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Tencent Music, China’s largest streaming service with 800M users, files for US IPO

Tencent Music, China’s largest streaming service with 800M users, files for US IPO This year has seen a number of tech companies that are majority or substantially owned by Chinese giant going public in the U.S. Baidu’s iQiyi service, Xiaomi-backed Huami and Viomi are a few examples, and now Tencent Music — the […]

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The war over music copyrights

The war over music copyrights VC firms haven’t been the only ones raising hundreds of millions of dollars to invest in a booming market. After 15+ years of being the last industry anyone wanted to invest in, the music industry is coming back, and money is flooding in to buy up the […]

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China’s largest music streaming business is planning a US IPO

China’s largest music streaming business is planning a US IPO Fresh from Spotify’s unique direct listing in the U.S., another huge streaming service is about to follow suit and go public in America. Tencent Music Entertainment (TME) has nothing like the global profile of Spotify, but China’s top streaming service is heading […]

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